Zomedica Corp (AMEX: ZOM) Has Succeeded To Excite In 2024, The Stock Is Down -39.66% Year-To-Date

Zomedica Corp (AMEX:ZOM)’s traded shares stood at 1.89 million during the latest session, with the company’s beta value hitting 1.06. At the last check today, the stock’s price was $0.12, to imply a decrease of -0.25% or $0.0 in intraday trading. The ZOM share’s 52-week high remains $0.23, putting it -91.67% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $0.12. The company has a valuation of $118.38M, with an average of 5.74 million shares in intraday trading volume over the past 10 days and average of 5.30 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Zomedica Corp (ZOM), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give ZOM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.

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Zomedica Corp (AMEX:ZOM) trade information

After registering a -0.25% downside in the latest session, Zomedica Corp (ZOM) has traded red over the past five days. The 5-day price performance for the stock is 0.67%, and -5.77% over 30 days. With these gigs, the year-to-date price performance is -39.66%. Short interest in Zomedica Corp (AMEX:ZOM) saw shorts transact 51.14 million shares and set a 17.24 days time to cover.

Zomedica Corp (ZOM) estimates and forecasts

Looking at statistics comparing Zomedica Corp share performance against respective industry, we note that the company has underperformed competitors. Zomedica Corp (ZOM) shares are -17.37% down over the last 6 months, with its year-to-date growth rate lower than industry average at -150.00% against 15.50%.

Revenue forecast for the current quarter as set by 1 analysts is 8.1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 7.78M.

ZOM Dividends

Zomedica Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Zomedica Corp (AMEX:ZOM)’s Major holders

Zomedica Corp insiders hold 1.78% of total outstanding shares, with institutional holders owning 8.33% of the shares at 8.48% float percentage. In total, 8.33% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 29.93 million shares (or 3.054% of shares), all amounting to roughly $382.18 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 26.21 million shares, or about 2.6742% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $334.65 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Zomedica Corp (ZOM) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 33.16 shares. This is just over 3.38% of the total shares, with a market valuation of $3.98 million. Data from the same date shows that the other fund manager holds a little less at 13.41, or 1.37% of the shares, all valued at about 1.61 million.